USD January Market Commentary
Noteworthy Developments Global equities, as represented by the MSCI ACWI Index, appreciated strongly by 3.4% with all regions experiencing positive performance. Global Equities Global equities climbed by 3.4%, with US large-cap equities (S&P 500) up 2.8% while international developed (5.3%) and
Q4 Capital Markets Review
Global equities declined 1.0% in Q4 but rose 17.5% in CY 2024, driven by U.S. large-cap stocks (+24.5%) benefiting from strong earnings, economic resilience, and AI-driven tech gains. Fixed income struggled in Q4 as yields surged, though CY 2024 returns remained positive. High-yield bonds and levera
Trump Administration Policies and Potential Impacts on Markets
Relative to the outgoing Biden Administration, the incoming Trump Administration has discussed implementing significantly different policies across immigration, tariffs, taxes, and regulations. With control of both houses of Congress (albeit with a razor-thin majority in the House of Representatives
Actionable Investment Opportunities
Investment opportunities include adding duration to fixed-income holdings and exploring private equity and credit strategies. Our report highlights the potential for bond price appreciation and attractive returns from private credit, providing guidance on optimizing portfolio allocations in the curr
